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Crude oil prices to gas prices Henry Hub natural gas prices. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. [1]
Adjusted for inflation, the average price of gas in 1981 would have equaled $2.421 a gallon in 2020. ... The new high eclipses the previous record of $4.103 set in 2008.
Prior to 2021, the yearly average exceeded $3 a gallon only five times: in 2008 and from 2011 to 2014. ... As of Nov. 3, 2023, the current average gas price is $3.44 per gallon in the United States.
The average price of gasoline in the United States increased 6 cents to $3.17. [52] On March 1, 2011, a significant drop in Libyan production and fears of more instability in other countries pushed the price of oil over $100 a barrel in New York trading, while the average price of gas reached $3.37.
The national average price for a gallon of gasoline is a little more than $4.95, according to AAA. ... GOBankingRates mapped out a chronology of average gas prices for more than 90 years dating ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Gas prices are finally starting to fall back down to earth in much of the country. According to AAA, the national average is down to $4.189 per gallon as of Aug. 2. Fuel costs started to climb ...
The price as at 20 January 2022, on the U.S. Henry Hub index, is US$3.87/ MMBtu ($13.2/ MWh). [4] The highest peak (weekly price) was US$14.49/MMBtu ($49.4/MWh) in January 2005. [5] The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import ...